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Federal Budget Unveiled In Ottawa


OTTAWA - Finance Minister Jim Flaherty tabled the federal budget on Tuesday afternoon.


He's projecting a $2.9-billion deficit in 2014-15 with a $3-billion contingency fund, and predicts a surplus of $6.4-billion in 2015-16 with another $3-billion reserve.


Local MP Jim Hillyer points out that they have included things that will help address the labour shortage and the gap between people who are unemployed and those employers looking to hire. He says "there's going to be a job matching service, there's increased investment in training and also paid internships for young people and the new apprenticeship loan I think is going to be something that a lot of people in southern Alberta, getting to the trades, will be able to take advantage of."


The government plans to rein in the cost of compensating public servants, but does include funds in the budget to help the families of veterans, extend rural Internet access and make repairs to deteriorating Parks Canada facilities.


Higher excise taxes on tobacco will raise the price of a carton of 200 cigarettes by $4 and essentially end the discount on smokes sold at duty-free stores, by raising taxes there by $6 a carton. The increase will reap government $685 million in 2014-15.

Posted on Tuesday, February 11, 2014 at 4/16/2014 5:17:21 PM
Source: Tristan Tuckett - Country 95 News
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